Business Finance Bulletin Epsd 23: Diversifying Your Funding Sources and Succession Planning
In this week’s episode Rob Warlow looks at a report carried out by Bibby Financial Services on micro businesses and in particular the problems surrounding succession. In a further sign of the crowdfunding sector gaining more visibility Rob talks about a new arrangement between crowdfunding platforms and certain bank members of the British Bankers Association on the issue of sharing security.
Rob also shares his thoughts on the importance of diversifying your funding sources so you are not dependent on just one bank.
In the Business Finance Tip of the Week Rob looks at one aspect of getting a ‘no’ from your bank – why you should not see it as a fail.